These 5 Events Caused 2016's Most Expensive Supply Chain Disruptions

"The earthquakes that impacted southern Taiwan and Japan in the first half of the year, and the bankruptcy declaration of Hanjin Shipping caused considerable disruptions to global supply chains," said Shahzaib Khan, director of EventWatch at Resilinc.

"Also, 2016 saw a higher frequency of low impact disruption events over the previous year," Khan added. "Business-related events such as Mergers & Acquisitions, Business Sale and Reorganization/Management Change were most common events notified."

The report also reveals The EventWatch Top 5 supply chain events of 2016. The top 5 event ranking is driven by estimated aggregate revenue impact felt by manufacturers across the supply chain.

The top five events of 2016 — in terms of impact to businesses — were: